Monday 07, April 2008 by

National Bank of Kuwait acquires 40 per cent of Turkish Bank

Ibrahim Dabdoub, chief executive officer of NBK Group and new vice chairman of Turkish Bank, said that “this is a significant milestone in NBK’s regional expansion strategy and also reflects NBK’s increasing interest in the growing Turkish banking sector. NBK believes that the Turkish economy will continue its strong growth over the long term on the back of continued economic reforms, political stability and favorable demographic trends; this will have a positive effect on the banking sector in the coming years”.

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